Liberia: Liberia Plans $39 Million Mining Investment to Target $3 Billion a Year in Revenue

Jan 2, 2026 | Emiliano Tossou
Ecofin Agency
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Liberia plans to make mining and energy a key source of public revenue, seeking to generate more than $3 billion a year from natural resources under a new 2025-2029 strategy, the government said.The plan, unveiled by the Ministry of Mines and Energy at a ceremony in Monrovia in late December 2025, focuses on strengthening domestic exploration capacity and developing a reliable geological database. Authorities will seek technical support from France, China and the United States to update national geological information dating back to 1972, the local Daily Observer newspaper reported.The ministry also plans to digitize 80% of its procedures by 2029, up from about 40% currently. It aims to reduce reliance on mining royalties by increasing the state’s equity participation in mining projects. Under existing legislation, the government is entitled to a free carried interest of between 10% and 15% in mining ventures.In the artisanal and small-scale mining (ASM) segment, Liberia intends to double the number of licensed miners to 1,000 by 2029 from around 500 today and establish 15 ASM cooperatives. The strategy is backed by total investment of $39.5 million, including funding from the African Development Bank.